OIL

Cooper to P&A Fairbridge-1

THE Fairbridge-1 well in Cooper Basin permit PEL 100 will be plugged and abandoned after the thir...

On Monday, the Perth-based company announced that two previous tests run over the Upper and Lower Poolowanna formations were also unproductive.

Drilled in January, the Fairbridge-1 well was cased and suspended for future production due to the non-availability of equipment and personnel. However, at the time, operator Cooper Energy was uncertain if the well would produce commercial hydrocarbons.

Fairbridge-1 is about 4km west of the Keleary oil field and 80km north of Innaminka.

Interests in Fairbridge-1 are operator Cooper Energy, which holds a 38.33% stake, Sundance Energy (41.67%) and Enterprise Energy (10%), as well as US companies McElvain (5%) and Liberty Petroleum (5%).

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